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14 Cards in this Set
- Front
- Back
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Why is project management becoming such a powerful and popular practise in business? |
- product/service development is more focused and effective - development teams can be more efficient, making the most of organisational resources, a competitive advantage - mitigates organisational and other challenges caused by the business environment |
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What are the basic properties of projects? |
- scheduled - budgeted - one-off processes - resource constraints - customer-focused - goal-oriented - temporary |
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Why is effective project management such a challenge? |
- requires different mindsets, flexibility - balancing the personal and technical sides of project development - crosses functional and organisational boundaries at the same time as satisfying time, |
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What're the differences between project management practises and traditional business practises? |
- projects use new processes and ideas for achieving set goals by a deadline - traditional business practises are established and ongoing processes and reinforce the status quo |
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What are the key motivators behind adopting project management practises? |
- shortened product life cycles - narrower product launch windows - increasingly complex and technical products - emerging global markets - low inflation in the economic environment, necessitating product improvements as opposed to allowing price hikes |
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What is the project life cycle? |
1. conceptualisation 2. planning 3. execution 4. termination |
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What activities occur at each stage in the project life cycle? |
1. conceptualisation - project mission and scope developed, key stakeholders involved. 2. planning - project plans and schedules are created to guide development. 3. execution - the principal work of the project is carried out. 4. termination - work is finished, project transferred to customer. |
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How is success usually measured in project management? |
- originally the triple-constraint model of schedule, budget and functionality. - now a quadruple-constraint model uses customer satisfaction as a metric of success |
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What's a model for project success in the IT industry? |
1. system quality 2. information quality 3. usefulness 4. user satisfaction 5. individual impact 6. organisational impact |
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What are maturity models and what is the process of benchmarking in organisations? |
- maturity models recognise different organisations have different levels of sophistication in their best practises for managing projects. These are improved over time. - benchmarking systematically manages the improvements of project delivery by a single organisation over a period of time. |
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Which maturity stages do organisations go through to become proficient in their use of project management techniques? |
Shared features of maturity models: 1. initially unsophisticated, organisations initiate projects in an ad-hoc fashion, with little shared knowledge. 2. intermediate level possesses a core set of project management techniques and cultural attitudes through the organisation. 3. final stage involves working at continuous improvement processes that refine and solidify project management philosophies among employees and departments. |
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What are deliverables? |
The goals of a project. |
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What is the triple constraint? |
A success metric consisting of whether the project satisfies budget, schedule and functionality goals. |
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What is PMBoK 5th Edition's definition of a project? |
A project is a temporary endeavour undertaken to create a unique product, service or result. |
